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Finance

Debt Snowball Calculator (Two Debts)

Estimate payoff time for the smaller of two debts using extra payments.

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Debt Snowball (Two Debts)

How this calculator works

The debt snowball method targets your smallest balance first with every spare dollar, then rolls that payment into the next debt once it's paid off — this shows the first step.

Formula

payoff time for the smallest balance, applying your full payment to it first